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president wrapped up his convention. 96,000 new jobs were added last month, which dropped the unemployment rate from 8.3% to 8.1%.
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but it is not good enough. here is how the campaigns spun the jobs report. >> today we learned that after losing around 800,000 jobs a month when i took office, businesses added jobs for the 30th month in a row. [ cheers and applause ] >> he was going to get people back to work. you remember with his -- his stimulus plan. the stimulus said if we let him borrow $787 billion he would hold unemployment below 8%. it has been 43 straight months above 8%. >> jennifer: of course the unemployment rate hasn't stayed high all on its own, because this marks the one-year anniversary of the president sending his jobs bill and getting zilch.
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but for alls of the who say president obama still isn't doing enough, check this out. in the 37 months following the recession, about 3.5 million private-sector jobs have been created. but in the 37 months after any 2001 recession, 1.1 million private sector jobs were created. the bush administration created far fewer jobs than the obama administration. but the devastating layoffs is making this recovery even slower than it needs to be because in june jail economies, peter schott and ben polok suggested that the national unemployment rate would be a full point lower if the government sector rebounded as it has in previous
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sectors. joining me now is laura tyson. she is a member of president obama's council on jobs and competitiveness. and we're also joined by larry cohen, president of the communication workers of america. he represents 700,000 workers across the u.s. and canada, including 140,000 public-sector employees. to both of you, welcome back inside "the war room." >> thank you jennifer. >> great to be with you. >> jennifer: great to have you, larry. let me start with laura first. we have two more jobs reports scheduled to be released before the election. do you think it will get better? >> i think we will continue to see modest job payroll growth. the 96,000 or the private sector, 103,000. i think we will continue to get growth. >> jennifer: the private sector created 103,000 jobs but the
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total number was less than that because of the losses in the public sector. >> and a lot of people were saying there were some downward revisions in the july and june reports. that was in the public sector. so it has been a constant theme and indeed we would have an unemployment rate of around 7% if the public sector has behaved normally. >> jennifer: is the fed going to do something? >> i really think the fed would do something. the fed said they would act soon if there was not any improvement. >> jennifer: how low can interest rates go? >> what bernanke said last week is to go to the unconventional tool kit. >> jennifer: can you say it in real words -- >> the fed comes out and buys government securities that
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drives their price up and interest rates down -- >> jennifer: blah, blah blah. this is the economist speak. >> but what does monetary policy do of any form? it tries to drive the costs down and the price of assets like the equity market, shock market up creating confidence among people who hold these kind of assets. they do it through putting more money into the system. >> jennifer: larry i have to ask you, because according to the "huffington post" about 650,000 now government jobs have been lost since 2009. you represent 140,000 public-sector jobs at the state and local levels do you think the public-sector job losses have bottomed out? >> i think they have not bottomed out. it's connected to tax policy
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connected to these austerity budgets at the federal and state level, and we have a choice to make, just as we do in the election, between austerity and growth. and i think people across america whether they are public or private sector want to choose growth and austerity breeds more austerity. you need stimulus in this economy, and job cuts are the opposite of the growth and the american dream that we all want. >> jennifer: it is interesting because we have had austerity at the government level and it means the reduction in unemployment which is what everybody is striving for -- the government sector is at its lowest numbers in the past what?
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30 years? >> and it's not just the numbers. it's all the role the government plays in a economy to stimulate growth. our public sector members want to be productive and helpful in providing services helpful in their communities, and many can help the economy take off, whether it's in telecommunications or other aspects of the infrastructure that boosts the economy. and we tend to believe too much from the republican rhetoric that public sector is a drain on the economy, including publish education and public health those are all key for the infrastructure of the 21st century economy. >> jennifer: yeah people think all of that money is going to hire bureaucrats as opposed to
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people out physically building our roads, making sure we have teachers in the classroom. it just drives me crazy. laura i want to play for you a couple of sound bites from the new ads that have been released by the romney campaign today. 15 new ads in eight swing states. take a listen to just a little bit. >> the romney plan stan up to china, create over 450,000 new jobs. keep ohio jobs in ohio. 59,000 new jobs for new hampshire. create over 200,000 new jobs for colorado. create over 340,000 new jobs for virginia. >> jennifer: so all of these very specific numbers, how can he estimate the jobs numbers without a plan? >> i have no idea how he
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estimated those numbers, but i do know he doesn't have a credible plan. the one plan he has basically put out there in some detail is his budget plan, and if you look at that you can see he created a huge hole in the deficit, he has to slash other government programs. he has to slash the kind of employment we're talking about today by 40%, put a tax on the middle class estimated about $2,000 a year in order to pay for tax cuts at the top. the whole program that he has put out there with not a lot of details, however, enough detail to say those numbers are not based on a credible plan. >> jennifer: and he is running these ads like crazy. and larry i think there's an ad in the making from something that president clinton said. take a listen. >> since 1961 for 52 years now,
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the republicans have held the white house 28 years, the democrats 24. in those 52 years, our private economy has produced 66 million private-sector jobs. so what is the jobs score? republicans 24 million, democrats 42. [ cheers and applause ] >> jennifer: i -- i think that 24 million for republicans and 42 million jobs created by democrats in a short amount of time is a really great message. do your members in your communities know about that, larry? >> i think that's our job in every work site to make the choices in this election clear in terms that our members in particular work sites understand, do you want to be bained by a romney government
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that will offshore customer service jobs? do you want to be bained by a romney government that will cut health care, and cut requirement security? or do we want to invest in growth invest in our futures in very concrete ways in the workplace? get that discussion going through contained mobilization coordinators in every major work site in our union and other organizations, whether it's in churches -- we have got to make the argument concrete particular with people we know. right now voter registration as well, and then voter turnout. that's what this is somebody. the message, registration, right to vote and the turnout. >> jennifer: i completely agree, and that message has to be fuelled by facts like that. our plans work, and theirs don't. you guys thank you so much for joining me inside "the war room." i have so much to ask you, but
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unfortunately we're out of time. and up next team obama is hoping to make a slingshot move. and later brett ehrlich's analysis is not so high minded. >> doesn't because the conventions are over doesn't mean the awkward delegate dancing has to stop. who is with me? don't go away. ♪ paying, american jobs! in romney's world, cars get the elevator, and the workers get the shaft! (vo) want more granholm? get her every night.
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♪ >> obama: i honestly believe this is the biggest choice the clearest choice of any time in our generation because it's not just a choice between two candidates or two political parties. it is a choice between two different paths for america. >> jennifer: on the campaign front the conventions are over there are 59 days until the voters head to the voting booths, and president obama and mitt romney are neck and neck in the polls and on the trail too. both made stops in iowa and new hampshire today. gallop's seven-day tracking poll has the president leading mitt romney, as i said earlier
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48-45%. obviously accounting for last night's speech. two weeks ago, romney was up by 1 percentage point. i mentioned that too. joining me from washington, d.c. to break down sprint to the finish line is democratic strategist and syndicated columnist karl frisch. and david mermin. he's a partner at lake research. david let me start with you. do you expect we'll see a sustained bump? >> we're likely to see a bump -- >> jennifer: how many points? come on? >> it won't be that large because this race has been close to frozen in the last several months, very unlike the last two presidential elections where you saw big swings. but this looks real the gallup poll, it doesn't include what people saw last night, a lot of
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excitement there, but we'll look in a week or so to see if that is sustained. >> jennifer: karl what themes that we heard over these last three days would you be emphasizing on the campaign trail, which ones might you leave behind in charlotte, but that might continue that trajectory up? >> well there was a former governor there from somewhere, who said mitt romney gives the elevators to his cars and the rest of us got the shoft. >> jennifer: you'll see, i'm sure an obama bump from that. >> just from that. [ laughter ] >> jennifer: just from that. >> but i think the president and vice president and anybody out there who is talking for the democratic party, needs to continue to emphasize that we're not done yet; that we have made tremendous process, but we have
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to remind people of the ditch we started in. doing it the way president clinton did is a good start. but people remember it. we don't have that short of a memory in our politics here. and i think the next step after that is showing people that mitt romney and paul ryan want to do basically the same thing that got us put in the ditch in the first place. if you can do all of that it will help, but i talked to a lot of campaign insiders in charlotte, and while those polls may be close on the national level, and yeah, we'll see if there is a lasting bump it is not looking good for mitt romney in a lot of these swing states. you have the super pacs pulling out of pennsylvania and the campaign talking about how they will win without ohio. when you have to start explaining your electoral college maps to your reporters, you are in serious trouble.
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>> jennifer: and we'll talk about that in one second karl. i want to stay on the national picture for just a moment. david the latest cnn orc poll taken between the convenings so without the benefit of the democratic convention actually has president obama trailing among independents -- trailing among white voters and just a slight -- almost a tie among college voters. >> sure. these are all critical groups -- he obviously doesn't have to win white voters because he is overwhelmingly a favorite among african american and latino voters. and college educated white women, a lot of the democratic pollsters are consolidating the data to they can look at some
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these groups across the swing states and that group has still stuck in the middle -- >> non-college-age kids white women. >> and president clinton was speaking right to them about -- i know you don't feel it yet but it is turning around -- and it is interesting because ohio is a state where people are beginning to feel it. unemployment is lower than the national average and you see a consistent lead for obama in ohio, which is why you are hearing some what we just heard from karl about romney maybe pulling back a bit together there. >> jennifer: before we get to that swing state conversation, karl, do you have advice about how the president should target those voters? especially as david was saying the non-college-educated white women over the next two months
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who are busy people. who message will resinate? >> i think it's much the message that we heard at the convention. we're not the only one looking at these polls, right? i think the message about women's health, and about how we treat our families, about jobs and about the future we want for our little girls and boys, i think that's the message that resinates with those people. if certain voting blocks have not yet committed to vote for the president or flipped and gone to romney, that shows you how hard it is for romney to win these people over. >> jennifer: all right. let's talk about the swing states now instead of just swing voters. what kind of move are you seeing in these states?
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>> it's interesting -- michigan we're seeing a consistent lead still for obama -- >> jennifer: [overlapping speakers] >> jennifer: circle it with blue. that's michigan. >> and if that comes off of the table, the math gets heard and harder for romney. virginia is still split exactly down the middle. >> jennifer: okay. >> and it has a growing immigrant population, a more young dynamic suburban voters and then florida of course -- romney has to win florida. there's no way for him to put this together without it. big turnout question. how many young voters? how many of the new voters you can turn out for the democrats, but also big debate about
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medicare. >> jennifer: so this is my lousy way of saying that virginia and florida are split, right? >> they are very very split, and ohio we're seeing a persistent support for obama. it came more into play with ryan on the ticket but that was from a natural advantage -- a republican hasn't won wisconsin in over -- in 20 years, so it's theoretically a swing state, but i still think the unconventional lying advantage is for obama. so as of now those are the three to watch. >> jennifer: hopefully somebody has a better hand than i do. you guys thank you so much.
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sorry, karl i wanted to ask you more too, but i really appreciate you come bothing inside "the war room." coming up, brett ehrlich's take on politics might seem juvenile but as within who has witnessed his nuance opinions every single day i can state that that is unequivocally the case. he is next and it's only something you'll mind inside "the war room." so, you guys grew up together. yes, since third grade... what are you lookin' at? not looking at i anything... we're not good enough for you. must be supermodels? what do you model gloves? brad, eat a snickers. why? 'cause you get a little angry when you're hungry. better? [ male announcer ] you're not you when you're hungry™. better. [ male announcer ] snickers satisfies.
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>> jennifer: after two weeks of partying, the conventions are over, and now there's only one thing left to do and that's to get brett ehrlich's take on it all , so shhhh, brett's talking now. >> the conventions are over and the big highlight for me is governor grandholm, and i'm not
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just saying that because she signs my check. no one signs my check. i haven't been paid for weeks. who do i talk to about that? there were the keynote speakers chris christie fell flat. the democrats took every precaution to make sure theirs was a success including having a backup speaker just in case. the republicans had clint eastwood talking to a chair -- >> well you know, when -- when -- >> similarly the democrats had -- well nothing really compares to that because that was the weirdest thing every. but the real winner.
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the aisle dancing. you got to love aisle dancing. dance like no one is watching even though everyone is. ♪ >> jennifer: a quick break and then a special last look at the conventions that will you will not want to mis. stick around. of michigan, 211,000 good paying, american jobs! in romney's world, cars get the elevator, and the workers get the shaft! (vo) want more granholm? get her every night.
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it's my great honor to place into nomination for the office of vice president of the united states, my father my hero, joe biden. [ cheers and applause ] >> i move to suspend the roll and nominate by acclaimation joe biden as the vice presidential candidate. [ cheers and applause ] >> jennifer: let me just say i love joe biden. that was him tearing up at the convention last night, as his son beau who is also the attorney general of delaware
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nominated his father his hero for a second term. the pundits have spent a lot of time rehashing the most fiery speeches, but there were also a lot of moments like that. here are some of our favorites. >> it's about whether we do for our fellow americans what my crew did for me, whether we'll look out for the hardest hit and the disabled whether we'll pool together in a time of need whether we'll refuse to give up until the job is done. barack knows the american dream because he has lived it, and he wants everyone in this country -- everyone, so have the same opportunity no matter who we are, or where we're from or what we look like, or who we
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The War Room With Jennifer Granholm
Current September 7, 2012 6:00pm-7:00pm PDT

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